FinancialContent is the trusted provider of stock market information to the media industry.
November 05, 2010 at 13:39 PM EDT
The Allstate Foundation Grants Funds in Alabama to Empower Domestic Violence Survivors to 'Move Ahead'
The Alabama Coalition Against Domestic Violence awarded $50,000 to help build financial security

BIRMINGHAM, Ala., Nov. 5, 2010 /PRNewswire/ -- Financial security and access to resources is the number one predictor of whether domestic violence victims will stay or leave an abusive relationship, according to recent research. A new partnership between The Allstate Foundation and The Alabama Coalition Against Domestic Violence coalition will make that choice a little easier. The Allstate Foundation Domestic Violence Program will award $50,000 to the Alabama Coalition Against Domestic Violence to support economic empowerment strategies for survivors.

The financial impact for a domestic violence survivor can last for years while the survivor works to repair or build credit, build assets and secure housing, childcare and transportation. In its fifth year, the Moving Ahead Economic Empowerment Grant program provides funding in the areas of financial education, job readiness and training, match savings programs or individual development accounts (IDA) and micro-loans, helping survivors on their path to financial security.  

"Survivors need access to information and strategies that this grant program provides now more than ever to help them on their path to financial freedom," said Jennifer Kuhn, program manager for The Allstate Foundation's Domestic Violence Program. "The current economic climate demands that financial empowerment services be provided on the local level. The Allstate Foundation is proud to support these efforts and help make financial security a reality for many survivors."

The Alabama Coalition Against Domestic Violence will use the funding to expand economic literacy efforts and build partnerships between local domestic violence shelters and other non-profits. The program will develop an awareness campaign on financial needs and literacy for survivors of domestic violence, continue to expand a resource network on the economic needs of survivors, and develop and administer a matched savings program for survivors.

The grant program has provided more than $575,000 to ten state domestic violence coalitions this year. As a part of The Allstate Foundation's commitment to ending domestic violence, the Moving Ahead Grant programs have provided more than $15 million in programming and direct support since their inception.

About The Allstate Foundation Domestic Violence Program

The Allstate Foundation's Domestic Violence Program helps domestic violence survivors overcome economic challenges and lead financially independent lives, free from abuse. Through a partnership with the National Network to End Domestic Violence, the program provides a network of financial resources, including a comprehensive financial empowerment curriculum; funds direct services, including education and job training assistance; and spreads the word on how to empower those touched by domestic and economic abuse. For more information and to find out how to help, visit www.ClickToEmpower.org.

SOURCE The Allstate Foundation

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here
   
Financial Widgets

Display market data, financial news or stock quotes - Learn More

Advertising Network

Advertise on FinancialContent's huge network - Learn More

Web Services

Power your internet and wireless applications - Learn More